PERCENTAGE RENTAL SYSTEM
YAP CHUNG LEE
YAP CHUNG LEE
Citations
Altmetric:
Alternative Title
Abstract
From upmarket Orchard Road to suburban Marine Parade,
owners of both old and new shopping complexes have been
confronted by their tenants with demands for rent
reductions. They cite worsening business and high
overheads aggravated by "exhorbitant" rents as their
reasons. This emerging trend calls for a rental system
which can adjust to the economic situation.
Many property consultants have suggested the Percentage
Rental System as such a flexible system. In fact, two
developers have taken up this suggestion for the shopping
space of their projects - the Marina Square and the Forum
Galleria.
It is claimed that the Percentage Rental System would
help retailers ride out the current economic downturn and
it can also be construed as a positive marketing tool for
the owner. This study endeavours to investigate the
validity of such claims. It is also a study on the
Percentage Rental System as a better means to cope with
econominc changes in comparison with the conventional
method of fixing rents. Shops in Liang Court are used as
the subject-matter for a comparative study.
Keywords
retail space, turnover of sales, percentage of sales, base rentals, flexible system of leasing, importance of negotiation
Source Title
Publisher
Series/Report No.
Collections
Rights
Date
1986
DOI
Type
Thesis